PQ 34
34. Deputy Stephen S. Donnelly asked the Minister for Finance following the conclusion of the recent trial of three former Anglo Irish Bank executives if, from the point of view of the borrower, the loan facility terms of any of the maple ten loans were changed from 25% recourse to zero recourse, where the term 25% recourse means the borrower is personally liable to the lender for 25% of the sum borrowed in addition to being liable to offer up the entire asset purchased with the loan and where the term zero recourse means the maximum liability of the borrower to the lender is the entire asset purchased with the loan. [20427/14]
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7 May 2014
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7 May 2014
Summary
34. Deputy Stephen S. Donnelly asked the Minister for Finance following the conclusion of the recent trial of three former Anglo Irish Bank executives if, from the point of view of the borrower, the loan facility terms of any of the maple ten loans were changed from 25% recourse to zero recourse, where the term 25% recourse means the borrower is personally liable to the lender for 25% of the sum borrowed in addition to being liable to offer up the entire asset purchased with the loan and where the term zero recourse means the maximum liability of the borrower to the lender is the entire asset purchased with the loan. [20427/14]
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IBRC Loans
IBRC Loans
xml · EN · 7 May 2014
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- Official source: https://www.oireachtas.ie/en/debates/question/2014-05-07/34/
- Open data entity: https://data.oireachtas.ie/ie/oireachtas/question/2014-05-07/pq_34